LOL, way higher standards than Europe in both plumming and electricity? You must be kidding. Not that I haven't seen houses wired really badly in the UK, Denmark, Germany, and Sweden and great wiring in Australia, but to claim that the Australian standards are "way higher" than that of Europe is simply not true. And judging from this forum, the plumbing standards in practice seem to be generally lacking in Australia.
Btw, I don't see why one wouldn't have the recess-box, but in the cupboard next to it. The best of both worlds. And if you could have a small stop thingy (I have no idea what they're called in English) at the outlet from the wall, so much the better, instead of having to turn it off at it the mains at the slightest problem.